Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for GS Finance Corp. > News item |
GS Finance to price leveraged buffered notes on S&P 500
By Sarah Lizee
Olympia, Wash., Oct. 24 – GS Finance Corp. plans to price 0% leveraged buffered notes due May 3, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 2 times the index return, capped at $1,192 for each $1,000 face amount. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% that the index may decline beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on Oct. 28.
The Cusip number is 40056XF92.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.